Tag: Treasuries
Keep an eye on the 10-year
Remember Guggenheim CIO Scott Minerd in Bloomberg: 3% on UST 10 year would be the turning point for end of bond bull market…”Might” have recession in 2019 or 2020… Guggenheim has access to whatever economic information is available on a global basis… The interview shows how difficult it is, even for them, to call the […]
Fed focus is on inflation
Wall Street Journal’s Heard on the Street deconstructs the latest Fed minutes… Inflation continues to be too low, making the Fed nervous… Watch What They Say – Fed Gets Worried…
For Fed, it’s not if, but when
More details on the coming Fed taper… There is a debate within the Fed as to whether to start in September or December… But there is no debate about starting this year… Binyamin Appelbaum of the New York Times reports in Fed Officials Are Divided Over When to Reduce Its Debt Holdings…
Fed tips hand on taper timing
The Fed is signaling that its long-awaited taper will begin in the fall… Nick Timiraos of the Wall Street Journal has the story: Fed Eyes September Announcement on Balance-Sheet Reduction .
Bonds in historical perspective …
Fascinating blog post from Harvard historian Paul Schmelzing on coming bond bear market: ”Sustained double-digit losses on bond holdings”…
Traders hit snooze on central bank alarms
One of the oldest sayings in finance is very simple, “Don’t Fight the Fed”… As Bloomberg points out in today’s story Central Bankers Tell the World Borrowing Costs Are Headed Higher, the world’s central bankers (including the Fed) are signaling higher interest rates… The markets have not yet gotten the message, lulled to sleep by […]
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